Massimo Group (NASDAQ:MAMO) Trading Up 4% – What’s Next?

Shares of Massimo Group (NASDAQ:MAMO) were up 4% on Wednesday . The company traded as high as $4.49 and last traded at $4.47. Approximately 203,916 shares traded hands during trading, an increase of 267% from the average daily volume of 55,628 shares. The stock had previously closed at $4.30.

Massimo Group Stock Performance

The firm’s 50 day moving average is $3.87 and its 200 day moving average is $3.78.

Massimo Group (NASDAQ:MAMO) last issued its quarterly earnings results on Monday, August 12th. The company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $35.40 million during the quarter. Massimo Group had a return on equity of 84.23% and a net margin of 12.44%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Massimo Group stock. Evernest Financial Advisors LLC acquired a new stake in shares of Massimo Group (NASDAQ:MAMO) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 11,061 shares of the company’s stock, valued at approximately $41,000.

Massimo Group Company Profile

Massimo Group, through its subsidiaries, engages in the manufacturing and sale of utility terrain vehicles, all-terrain vehicles, and pontoon and tritoon boats. The company also offers motorcycles, scooters, golf carts, and go karts and balance bikes, as well as snow equipment. In addition, it provides accessories, including EV chargers, electric coolers, power stations, and portable solar panels.